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Has anyone tried betfair trading?

  • 02-02-2020 2:34am
    #1
    One More Toy
    Registered Users, Registered Users 2 Posts: 3,881 ✭✭✭


    I see a book on it on Amazon and was wondering if it was worth my while having a look at


Comments

  • #2
    Fr Tod Umptious
    Registered Users, Registered Users 2 Posts: 15,736 ✭✭✭✭Fr Tod Umptious


    Yes

    Trading is simply making a bet and cashing out of it at a certain exit point to either be guaranteed a profit or incur a loss less than you would have if you stayed to the end.

    People make a lot of money trading on Betfair but they also spend a lot of time working on it.
    There is no get rich quick strategy.

    There are loads of online resources for trading like Sports Trading Life etc

    Their YouTube videos are well worth a look.


  • #3
    One More Toy
    Registered Users, Registered Users 2 Posts: 3,881 ✭✭✭One More Toy


    Fr Tod Umptious wrote: »
    Yes

    Trading is simply making a bet and cashing out of it at a certain exit point to either be guaranteed a profit or incur a loss less than you would have if you stayed to the end.

    People make a lot of money trading on Betfair but they also spend a lot of time working on it.
    There is no get rich quick strategy.

    There are loads of online resources for trading like Sports Trading Life etc

    Their YouTube videos are well worth a look.

    There's a highly rated book by caan berry on Amazon - would that be a good start?


  • #4
    Fr Tod Umptious
    Registered Users, Registered Users 2 Posts: 15,736 ✭✭✭✭Fr Tod Umptious


    I've seen the name Caan Berry on various websites etc related to trading, I believe they are one of the authorities on the practice so I'd say their books are fairly good.

    But before that have a look at the Sports Trading Life videos to get an idea about what it's all about.

    I've tried it over the last few years, almost exclusively on tennis and with very low stakes, just to try and find some sort of strategy that might work, I've made some small money but I don't have the time to put more effort in.
    Plus you need discipline.
    You need to stick to a strategy long term and be willing to accept losses, and not deviate from it to try and recover losses.


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